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it follows the passing of prop 36 tuesday which revises california's three strikes law. up to 3,000 could be apply to be released or receive a shorter sentence. public defenders say it could take up to two years for courts to revisit old sentences. prop 36 was passed with 69% of support. >>> in 20 minutes -- [ unintelligible ] caltrans shutdown highway 13 between broadway terrace and moraga avenue out of concern today's storm might trigger a rock slide. crews installed large rocks to prevent smaller rocks above from falling on to the highway. they have put up settlement barriers along the showed -- put up cement barriers along the shoulder. >>> coming in was dry by afternoon a tough one. >>> storm is to the north will stay there for the better part of the morning we'll be dry other than drizzle allen the coast and maybe higher elevations, -- along the coast and maybe higher elevations. this is not going to be a huge rainmaker. big windmaker now, if you are driving around the bay gusting up to 35 miles per hour sfo, 37 oakland, 30 fairfield, 24 livermore and hayward, 9 in
it follows the passing of prop 36 tuesday which revises california's three strikes law. up to 3,000 could be apply to be released or receive a shorter sentence. public defenders say it could take up to two years for courts to revisit old sentences. prop 36 was passed with 69% of support. >>> in 20 minutes -- [ unintelligible ] caltrans shutdown highway 13 between broadway terrace and moraga avenue out of concern today's storm might trigger a rock slide. crews installed large rocks to...
WHUT (Howard University Television)
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please say lawrence jones executed two co-workers in california and when did to others before taking his own life. the california man behind an anti islam video that sparked local protest has been sentenced to a year in prison. and wednesday, he was ordered to spend 12 months behind bars for violating the terms of his probation from a prior conviction following a 2010 check fraud conviction, he was not allowed to use the internet. under the alias of sam basseley, he produced the "innocence of muslims" which produced outrage in muslim countries after been circulated online. hundreds of people gathered at the university of mississippi wednesday to denounce racism on campus. it was one day after heated protest against president obama's re-election. after the results were announced tuesday night, a crowd of several hundred gathered in anger with some reportedly shouting racial slurs. at least two people were arrested. with the 2012 election in the books, the price tag for combined spending by federal candidates, their parties and outside groups like super pacs totals more than $6 billion
please say lawrence jones executed two co-workers in california and when did to others before taking his own life. the california man behind an anti islam video that sparked local protest has been sentenced to a year in prison. and wednesday, he was ordered to spend 12 months behind bars for violating the terms of his probation from a prior conviction following a 2010 check fraud conviction, he was not allowed to use the internet. under the alias of sam basseley, he produced the "innocence...
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california's election watchdog calls it money laundering. teachers unions donated $16 million of the 69 million raised to advocate for the ballot measure. >> our particular schools are champions. >> reporter: joe carlson is co-principal of this high school. before the vote his school district was drawing up plans to slash $35 million from its budget on top of the $330 million it cut since 2008. music, arts and athletics were on the chopping block. the school year would have been shortened by three weeks. >> this is an investment. it's an investment in the future of our state. we'll have a lot more productive citizens if we invest in education. >> reporter: if there's a lesson for other states to raise taxes it may be this. governor brown said voters agreed to the tax increase only because his budget included spending cuts of $20 billion. >> coming up after your local news on cbs "this morning," live reports on the new snowstorm that's adding misery to the east. i'm terrell brown in new york, this is the "cbs morning news." [ male announcer ]
california's election watchdog calls it money laundering. teachers unions donated $16 million of the 69 million raised to advocate for the ballot measure. >> our particular schools are champions. >> reporter: joe carlson is co-principal of this high school. before the vote his school district was drawing up plans to slash $35 million from its budget on top of the $330 million it cut since 2008. music, arts and athletics were on the chopping block. the school year would have been...
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california's election watchdog calls it a case of political money laundering. teachers unions donated $16 million of the 69 million raised to advocate for the ballot measure. >> our particular schools are champions. >> reporter: joe carlson is co-principal of this high school. before the vote his school district was drawing up plans to slash $35 million from its budget on top of the $330 million it cut since 2008. music, arts and athletics were on the chopping block. the school year would have been shortened by three weeks. >> this is an investment. it's an investment in the future of our state. we'll have a lot more productive citizens if we invest in education. >> reporter: if there's a lesson for other states to raise taxes it may be this. governor brown said voters agreed to the tax increase only because his budget included spending cuts of $20 billion. john blackstone, cbs news, los angeles. >> coming up after your local news on cbs "this morning," live reports on the new snowstorm that's adding misery to the east. i'm terrell brown in new york, this is th
california's election watchdog calls it a case of political money laundering. teachers unions donated $16 million of the 69 million raised to advocate for the ballot measure. >> our particular schools are champions. >> reporter: joe carlson is co-principal of this high school. before the vote his school district was drawing up plans to slash $35 million from its budget on top of the $330 million it cut since 2008. music, arts and athletics were on the chopping block. the school year...
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. >> feels like a vote of confidence from the citizens of california and believing in public education. >> reporter: when i talked to the principal two weeks ago it wasn't polling well. today it is a much different feeling. >> this is just -- lifted this huge weight. >> the math was simple, without prop $302 million would have been -- prop 30, $2 million would have been wiped out. >> reporter: they were preparing if the cuts kicked in but not anybody. >> i am filled with emotion. >> reporter: she told me she was able to teach kids kids how elections impacted them. >> i said people decided that they wanted to pay for education. so it will be good for our schools. >> reporter: opponents are disappointed by the results today. a spokesman e-mailed me and said referring to governor jerry brown and his tax measure, he was able to use education to blackmail voters into supporting his tax increase. the voters were duped. but edge cater believe -- educators believe they care about funding public schools. alex savage, ktvu channel 2 news. >>> california state university is set to refund students
. >> feels like a vote of confidence from the citizens of california and believing in public education. >> reporter: when i talked to the principal two weeks ago it wasn't polling well. today it is a much different feeling. >> this is just -- lifted this huge weight. >> the math was simple, without prop $302 million would have been -- prop 30, $2 million would have been wiped out. >> reporter: they were preparing if the cuts kicked in but not anybody. >> i am...
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we have emergency response vehicles, even some from california, that are headed out there and that have been out delivering meals to the most affected areas. we have been holding warming centers and purchasing supplies to get to people what they need right away. >> reporter: i am so proud because cbs is doing a telethon like this conducting this kind of telethon throughout many cities across the united states. >> we're thrilled and so grateful to the bay area for the responding with such generosity. it's fantastic. >> reporter: i want to throw out there my own personal contribution. at this particular time i want to invite any of you that are watching out there, if you can donate $500 or more, i will offer you personally a tour of our cbs 5 studios for four people, not only do you get a tour but i'll take you to kcbs radio, alice radio, live 105. you get to watch a newscast. at this time we are currently up to -- really? $50,000 since 6:00 this morning! frank and michelle, we have gathered 50,000 pledges so far. these donations going directly to the american red cross, who in turn will
we have emergency response vehicles, even some from california, that are headed out there and that have been out delivering meals to the most affected areas. we have been holding warming centers and purchasing supplies to get to people what they need right away. >> reporter: i am so proud because cbs is doing a telethon like this conducting this kind of telethon throughout many cities across the united states. >> we're thrilled and so grateful to the bay area for the responding with...
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. >>> the california man accused of making the anti-muslim filling inciting so much violence in the middle east will spend the next year in prison. nakoula basseley nakoula was sentenced for violating his probation in a 2010 bank fraud case. none of the violates had anything to do with the con content of innocence of muslims. that depicts mohammed as a fraud and womanizer and pedophile. the movie sparked protests all over the middle east including egypt, iraq, iran and israel. >>> today the man who wounded congresswoman gabrielle giffords and killed six others will be sentenced. jared loughner is expected to get life in prison with no chance of parole for the january 2011 rampage. giffords and her husband are expected to attend the sentencing along with other survivors. >>> well, as if they haven't had enough, with that superstorm sandy last week, more when we come back on the nor'easter that's wreaking havoc across the northeast. >> howard will have all of that plus your weather first in our area. and we'll have a ride report on flight -- live report on flight cancellations because of the
. >>> the california man accused of making the anti-muslim filling inciting so much violence in the middle east will spend the next year in prison. nakoula basseley nakoula was sentenced for violating his probation in a 2010 bank fraud case. none of the violates had anything to do with the con content of innocence of muslims. that depicts mohammed as a fraud and womanizer and pedophile. the movie sparked protests all over the middle east including egypt, iraq, iran and israel....
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this follows the passage of prop 36 tuesday, revision to california's three strikes law. up to 3,000 prisoners could apply to be released or get a shorter sentence. public defenders say it could take up to two years. prop 36 was passed with nearly 69%. >>> in the laugh half hour, stretch of highway 13 in oakland has reopened following overnight work to shore up a hillside. caltrans shut highway 13 down between broadway terrace and moraga avenue out of concern this morning's storm might trigger a rock slide. crews have put up cement barriers along the showeds. >>> my marker for how cold it is getting is when you feel the need to turn on your seat warmers in your car. >> did you do that? >> yes. >> you might have to leave it on this afternoon. >> we'll see. >> you are taking me home, right, i don't have those in my car. >> for a fee. we'll negotiate that later. >> that must be nice. here's a look at radar and satellite, crescent city eureka rio del all about to get wet or getting wet with showers that are moderate at times but very narrow and moving quickly not going to dro
this follows the passage of prop 36 tuesday, revision to california's three strikes law. up to 3,000 prisoners could apply to be released or get a shorter sentence. public defenders say it could take up to two years. prop 36 was passed with nearly 69%. >>> in the laugh half hour, stretch of highway 13 in oakland has reopened following overnight work to shore up a hillside. caltrans shut highway 13 down between broadway terrace and moraga avenue out of concern this morning's storm might...
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california of course is where most of the earthquakes happen in in the u.s. so do these companies consider where these fault lines are or should they in the future will this research help them to figure that out. i think of it do consider where these fault lines are but you have to realize they're parroted is to get the most out of their drilling as quickly as possible they're taking all the time to make sure they're voting false i would say they haven't i mean a fault was not avoided no iow there's been small earthquakes you know measured here in british columbia and ashes and these drilling intensity zones like in arkansas or in areas where historically there have been some massive earthquakes so it's you know i can't speak for every single company we hope that they're all doing their job right but as you can see this argument some accidents so you know that has some cause for concern and you know arkansas is one of the places where thousands of very minor but thousands of earthquakes were reported after an intense feeling has happened there's been more pro
california of course is where most of the earthquakes happen in in the u.s. so do these companies consider where these fault lines are or should they in the future will this research help them to figure that out. i think of it do consider where these fault lines are but you have to realize they're parroted is to get the most out of their drilling as quickly as possible they're taking all the time to make sure they're voting false i would say they haven't i mean a fault was not avoided no iow...
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california residents voted for the proposal to raise taxes. on tuesday residents approved a measure that would increase sales taxes by 1/4 of 1%. the state says the tax hike would also bring in $6 billion in additional annual revenue from the formerly golden state. that would include a hike in taxes on so-called wealthy california residents. liz is bursting at the seams. liz: tax and spend again and again. if that were the way to go california's unemployment rate would not be north of 11% as it has been traineding and this -- republican democracy the way california is running at. it is mach democracy rule with all sorts of propositions and being overrun by special interests and the state suffering. [talking over each other] dave: illinois tried to raise tax rates and that will bring us the solution. illinois is in worse shape than it was. stuart: illinois and california voted solidly for president obama. the next administration, second term for president obama will bail them out. it won't be called a bailout. dave: ohio which has a conservativ
california residents voted for the proposal to raise taxes. on tuesday residents approved a measure that would increase sales taxes by 1/4 of 1%. the state says the tax hike would also bring in $6 billion in additional annual revenue from the formerly golden state. that would include a hike in taxes on so-called wealthy california residents. liz is bursting at the seams. liz: tax and spend again and again. if that were the way to go california's unemployment rate would not be north of 11% as it...
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the california institute for regenerative medicine says it's spent 60% of the money. it's been used to build new labs, hire 150 top scientists and fund 1200 scientific papers. but some biotech industry leaders say they are frustrated. >> not just on buildings, not just on scientific publications but actually therapies, they are gonna meet the needs of living, breathing human beings. >> they say it's impossible to tell when a major breakthrough will occur. >>> a top official in massachusetts has lost his job over the deadly meningitis outbreak. he was fired for ignoring a complaint from colorado. that complaint came before the dose was shipped. >>> 8:18. legal experts predict more damaging system against an american soldier charged with a killing spree in afghanistan. now, yesterday, at the military hearing an investigator testified that robert bales teched for positive -- testify tested positive. >>> the court marshal is on hold for an army psychologist charged with killing 14 people in 2009. major hassan saddam is appealing -- major hassan is appealing a decision to
the california institute for regenerative medicine says it's spent 60% of the money. it's been used to build new labs, hire 150 top scientists and fund 1200 scientific papers. but some biotech industry leaders say they are frustrated. >> not just on buildings, not just on scientific publications but actually therapies, they are gonna meet the needs of living, breathing human beings. >> they say it's impossible to tell when a major breakthrough will occur. >>> a top official...
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we do have a cold front that swept through but now the low is making its way toward california. that will bring with it a chance of showers especially in the latter part of the day so grab your jackets and grab that umbrella if you are heading out the door. showers and blustery conditions into the afternoon. staying wet on and off through about friday. that low is going to drop in and as it moves by it will carry with it a chance of more showers and unsettled weather possibly into saturday morning, as well. so as we look out to our future model here you can see those scattered showers rolling on through keeping things unsettled into the afternoon and friday, as well. and this is a cold storm system out of gulf of alaska so it will be on and off brisk and breezy through the next few days. temperatures only in the 50s and 60s for highs. we'll dry in toward the latter part of the weekend and warming up a bit but a chance of showers returns as we head in toward next tuesday. but folks, the big story is the telethon today, we'll be here all day long. going to have all our friends, su
we do have a cold front that swept through but now the low is making its way toward california. that will bring with it a chance of showers especially in the latter part of the day so grab your jackets and grab that umbrella if you are heading out the door. showers and blustery conditions into the afternoon. staying wet on and off through about friday. that low is going to drop in and as it moves by it will carry with it a chance of more showers and unsettled weather possibly into saturday...
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and the rating agencies gun to put our -- begun to put out their commentary on how california is on a stable path. >> it will raise the sales tax and increase income taxes for people who make $250,000 a year for the next 7 years. >>> the superintendent said today parents and students across the state can breathe a sigh of relief knowing our schools will have the resources for the remainder of the year. >>> californians approved 5-11 ballot measures. the tax measure made the cut, so did prop 35, increases prison sentences and fines for human trafficking convictions. and prop 36, which revises law to impose life sentence only when new felony conviction is serious or violent and the increase on out of state businesses and new state district lines. voters defeated prop 31, and prop 32. a measure to set insurance prices based on a person's history was defeated. they also rejected a second tax measure to raise money for public education. >>> it hasn't happened in 79 years but tonight democrats hold a majority in the state capital. ktvu's amber lee is live to tell us how they plan to use the
and the rating agencies gun to put our -- begun to put out their commentary on how california is on a stable path. >> it will raise the sales tax and increase income taxes for people who make $250,000 a year for the next 7 years. >>> the superintendent said today parents and students across the state can breathe a sigh of relief knowing our schools will have the resources for the remainder of the year. >>> californians approved 5-11 ballot measures. the tax measure made...
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hi-def doppler showing you some of that rain now moving into far northern california. that's expected to slide our way throughout the day today. so the temperatures running in the 50s and low 60s for highs today. staying cool next few days unsettled and possibly a little bit wet. drying out over the weekend. but we could see some more showers return on tuesday. unwatering flooding tunnel at the tip of lower manhattan. it's a massive job. jeff, good morning. >> reporter: good morning to you. the brooklyn battery tunnel is one of the most historic stretches in america. opened in 1950 it has never seen anything like this. this is what it looks like when 60 million gallons of water goes where it doesn't belong. sandy's surge flooded two miles of the brooklyn battery, the longest continuous traffic tunnel in north america, typically responsible for 45,000 vehicles a day since last monday it has handled none. to see how it's getting fixed we board a boat for governor's island off of manhattan's southern tip as the coast guard, army corps of engineers and new york transit wor
hi-def doppler showing you some of that rain now moving into far northern california. that's expected to slide our way throughout the day today. so the temperatures running in the 50s and low 60s for highs today. staying cool next few days unsettled and possibly a little bit wet. drying out over the weekend. but we could see some more showers return on tuesday. unwatering flooding tunnel at the tip of lower manhattan. it's a massive job. jeff, good morning. >> reporter: good morning to...
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. >>> the california filmmaker behind an anti-muslim film that sparked riots across the middle east is returning to prison. mark youssef will spend one year behind bars for violating his probation from a bank fraud case, using several fake names, including one with while shooting "the innocence of muslims," depicting the prophet mohammed as a killer and child molester. >>> one young mother in kenya has named her newborn twins barack obama and mitt romney. >> translator: i gave birth to twins and decided to name them after barack obama and mitt romney. i named the first one barack and the second one mitt just like obama and romney in the u.s. election. >> we can only hope congress can show such bipartisan love. they will soon get their chance. dan lothian at the white house. dan, i understand -- >> reporter: how can i follow that? >> i know. i just kind of feel sorry for the newborn named mitt because, of course, he lost the election. maybe that won't resonate in kenya. >> reporter: exactly. >> an honorable man. i'm not saying anything bad about mitt romney the person. what can you tell
. >>> the california filmmaker behind an anti-muslim film that sparked riots across the middle east is returning to prison. mark youssef will spend one year behind bars for violating his probation from a bank fraud case, using several fake names, including one with while shooting "the innocence of muslims," depicting the prophet mohammed as a killer and child molester. >>> one young mother in kenya has named her newborn twins barack obama and mitt romney. >>...
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you see the core of that low swinging closer into california. that is going to work its way down the coastline throughout the day today and bring a chance of rain. so grab the umbrella. grab a jacket. it's going to be one of those cool showery days especially as we head in toward the middle of the day and the afternoon and then looks like it could stay wet right in through friday and maybe even into saturday morning. so low pressure is on approach. the cold front is gone by but we are going to see the showers. there's a possibility we could see an isolated thunderstorm too and cold enough we could see some snow over the mountaintops. so unsettled weather today and tomorrow. computer models picking up on it pretty well as it shows clouds rolling by. then a band. showers moving in through the middle of the day and into the afternoon spreading to san jose. then you will see those pockets of showers on and off which is you typically see as a cold front moves by. that will keep things wet into tomorrow morning. so a couple of days ago record- breakin
you see the core of that low swinging closer into california. that is going to work its way down the coastline throughout the day today and bring a chance of rain. so grab the umbrella. grab a jacket. it's going to be one of those cool showery days especially as we head in toward the middle of the day and the afternoon and then looks like it could stay wet right in through friday and maybe even into saturday morning. so low pressure is on approach. the cold front is gone by but we are going to...
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if you look at the only thing, it was the marriage amendment in california. if you look at why it won, it was a crossover of hispanics and black pastors and joined the republicans. rather than look at hispanics and blacks from the standpoint of what we white people want to look at, why not ask them what they're -- they're interested in? wynola get their values and their cultural agenda and their priorities and address that? that is where there is great common ground and i do not understand why republicans seemingly are afraid of their own shadow and. when it comes to that. >> in the first national election, president obama embraced gay marriage. their rural several ballot initiatives that were successful and that regard. [inaudible] is this a losing issue going forward for conservatives? >> this is an issue that is free much under debate. -- very much under debate. you're right. yesterday that approved gay marriage. most of them by very narrow margins. there were far less margins in the state legislatures in some of those states. would-be disaster is is if th
if you look at the only thing, it was the marriage amendment in california. if you look at why it won, it was a crossover of hispanics and black pastors and joined the republicans. rather than look at hispanics and blacks from the standpoint of what we white people want to look at, why not ask them what they're -- they're interested in? wynola get their values and their cultural agenda and their priorities and address that? that is where there is great common ground and i do not understand why...
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. >>> the california man behind that everyone muslim film that came out recently is going to spend the next year in prison. a judge sentenced nakoula basseley nakoula for violating his probation. his film innocence of muslims depicts the prophet mohammed as a womanizer and pedophile. >>> it's already time to make plans for january's inauguration. we'll have more on that at 5:40. >> in sports at 5:23 the nationals' general manager explains why he is willing to let go of one of the starting pitchers. >> next at 5:15 if we can just make it through today, things look a lot nicer and warmer in howard's seven day forecast. >>> 5:16. good morning, so i was at the sam's club yesterday. and and this woman goes hey, i know you. and i was introduced to dina from rockville. good morning, absolute sweetheart. her husband gets up and she's retired. works for the government in richmond. came back here. got retired and got married. recently. and -- watches every morning and good morning to you. >> and hubby. >> and hubby that's right in rockville. >> it's going to be a better afternoon as far as the s
. >>> the california man behind that everyone muslim film that came out recently is going to spend the next year in prison. a judge sentenced nakoula basseley nakoula for violating his probation. his film innocence of muslims depicts the prophet mohammed as a womanizer and pedophile. >>> it's already time to make plans for january's inauguration. we'll have more on that at 5:40. >> in sports at 5:23 the nationals' general manager explains why he is willing to let go of...
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florida, this is the end of california as reno air. -- as we know it. it will get worse. >> 50% with favor taxes on the wealthy. you are crying in the lderness. >> republicans need to stick to principal keep paying tax rates low is good for the economy. democrats want to raise taxes. gerri: we have so far to go. please be with us every step of theay. >> classmate-- last night was not a party. [laughter] gerri: it was fascinating. meet interesting people meeting carlos gutierrez. >> it must of been like a wake. gerri: it was pretty quiet. how wa street reacts to obama and the threat and nor'easter at a misery after superstar sandy. what is being done or what is not being dne more is not being dne more specifically? 4g lte is e fastest. so, which supeast 4g lte service would yochoose, based on this chart ? don't rush into it, i'm not looking for the fastest answer. obviously verizon. okay, i have a different chart. going that way, does that make a difference ? look at verizon. it's so much more than the other ones. so what if we just changed the format al
florida, this is the end of california as reno air. -- as we know it. it will get worse. >> 50% with favor taxes on the wealthy. you are crying in the lderness. >> republicans need to stick to principal keep paying tax rates low is good for the economy. democrats want to raise taxes. gerri: we have so far to go. please be with us every step of theay. >> classmate-- last night was not a party. [laughter] gerri: it was fascinating. meet interesting people meeting carlos...
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in palm springs, california, mary bono mack isn't giving up. she trails raul ruiz with all precincts reported. her husband, connie mack lost his bid for senate. republican congressman alan west is not conceding dough feet. he is dand iing a recount against challenger patrick murphy, who has a slim lead of less than 2,500 votes. that is more than what is needed to trigger an automatic recount. >>> hillary clinton will pay tribute to slain u.s. ambassador chris stevens at an awards ceremony tonight in washington. stevens was killed in the september attack on the u.s. consulate in benghazi, libya. honoring outstanding accomplishments in conflict, resolution and negotiation. >>> former arizona representative gabby giffords and husband mark kelly will be on hand in a tucson courtroom when the man who shot giffords receives his sentence. kelly is expected to read a statement during that hearing. 24-year-old jared lee laughner murder murdered six people. giffords and 12 others were wounded. he will be sentenced as part of a plea deal arranged in augus
in palm springs, california, mary bono mack isn't giving up. she trails raul ruiz with all precincts reported. her husband, connie mack lost his bid for senate. republican congressman alan west is not conceding dough feet. he is dand iing a recount against challenger patrick murphy, who has a slim lead of less than 2,500 votes. that is more than what is needed to trigger an automatic recount. >>> hillary clinton will pay tribute to slain u.s. ambassador chris stevens at an awards...
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." >>> california voters have ushered in a new era in state politics not seen in more than 100 years. with all precincts counted, democrats are announced they have won a supermajority in both houses of california's legislature. two-thirds majority in the senate and assembly allows democrats to pass tax laws, budgets and other spending issues without any republican support. this marks the first time since 1883 that democrats have held a supermajority. >>> now that voters have officially passed prop 30, college students will see those benefits almost immediately. csu students will get a refund for the tuition increase they paid this semester and tuition costs will roll back even more in the spring. csu officials say they're still working out the details, but students can expect to get back about $250 of their fall tuition. in college, that's large dollars. meantime students at uc berkeley calling for tuition cuts of their own. students will rally today to demand prop 30 funds be used to reduce tuition and bring back programs and classes that were cut due to the funding. the rally coinci
." >>> california voters have ushered in a new era in state politics not seen in more than 100 years. with all precincts counted, democrats are announced they have won a supermajority in both houses of california's legislature. two-thirds majority in the senate and assembly allows democrats to pass tax laws, budgets and other spending issues without any republican support. this marks the first time since 1883 that democrats have held a supermajority. >>> now that voters...
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slashing management jobs by 30%, consolidating business units and closing some defense facilities in california. boeing hopes to cut costs by more than $1.5 billion over the next two years. >> susie: boeing shares got caught up in the market downdraft, tom, falling 2%, and it had plenty of company. all 30 of the dow components were in the red today. >> there was a lot of red on the screen this post-election day. in europe, and also earnings, all getting mixed in here. let's get under way with tonight's market focus. >> tom: stocks dropped right from the opening bell today as investor focus shifted beyond election day. the s&p 500 opened down, and fell to its lowest price of the session just before noon eastern time. the pressure was steady throughout the afternoon hours, with the index finishing lower by 2.4%. today's drop in s&p 500 is its sharpest sell-off in four and a half months. it takes the index down to a level last seen in august. trading volume was heavier. 875 million shares on the big board. just over two billion traded on the nasdaq. leading the sell-off, the financial sector falli
slashing management jobs by 30%, consolidating business units and closing some defense facilities in california. boeing hopes to cut costs by more than $1.5 billion over the next two years. >> susie: boeing shares got caught up in the market downdraft, tom, falling 2%, and it had plenty of company. all 30 of the dow components were in the red today. >> there was a lot of red on the screen this post-election day. in europe, and also earnings, all getting mixed in here. let's get...
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in palm springs, california, mary bono mack, she isn't giving up. she trails democrat areraul rui. >> so we're minding your business. u.s. stock futures are flat this morning. >> the markets had a rough day yesterday. chris teens romans here to explain this big selloff. is there an explanation? >> can you see the sectors reacting to a second obama administration. let me show you what it looked like, 313 points, the first dow close below 13,000 in three months. that was the worst day of the year. more than 2% down. when i talk about the internals of the market, i'm talking about banks, insurers, cole companies, energy companies, they fell because, in fact, they think they're going to have higher costs. the markets think they're going to have higher costs in a second obama administration. you saw some obama care related stocks like hospitals up on the assumption that obama care is now secure. the internals showed us how investors in different sectors were reacting to a second obama presidency. but there were also concerns over europe and the fiscal cl
in palm springs, california, mary bono mack, she isn't giving up. she trails democrat areraul rui. >> so we're minding your business. u.s. stock futures are flat this morning. >> the markets had a rough day yesterday. chris teens romans here to explain this big selloff. is there an explanation? >> can you see the sectors reacting to a second obama administration. let me show you what it looked like, 313 points, the first dow close below 13,000 in three months. that was the...
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>> yes, and then i think -- >> why can't california do that. >> i known -- have owned property in california, i now own property in vegas. neil: what is biggest loser? >> it was las vegas, but now it will be a big winner they are taxing people out of california, every time there is a pick quake, they go to las vegas they pay no income tax, and housing cost 80 percent less, they can be in los angeles, or san francisco in an hour, you will see people leaving state of california. neil: it is interesting, those at ground zero locale for real estate, las vegas and florida, you noticed that market picking up, maybe the wind at president's back could be a recovery you kept champions during the campaign. and you think that is real? >> i do, look at, south florida, and history repeats itself, in early 90s went down the tube first in housing, then bounced back with a international market driven bilat inamerica -- latin america, again south florida down tube, and bounces back, a at peak of recession. there are about only 1,000 unsole development unit, and n development project in the miami-deamiami-dad
>> yes, and then i think -- >> why can't california do that. >> i known -- have owned property in california, i now own property in vegas. neil: what is biggest loser? >> it was las vegas, but now it will be a big winner they are taxing people out of california, every time there is a pick quake, they go to las vegas they pay no income tax, and housing cost 80 percent less, they can be in los angeles, or san francisco in an hour, you will see people leaving state of...
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notably california adventure here at disney land in california. we feel good about what we're seeing. there's demand for that product. it's showing up in our pricing and showing up in our advanced bookings. >> how are the advanced bookings looking for the holiday season? >> advanced bookings for the holiday season are looking good. there's a quirk in the calendar. christmas falls on a tuesday. so some of our peak season will also fall into our next quarter because of how the quarter breaks. our bookings for the christmas period overall, which include some spillover into the next quarter, we feel very good about. that's certainly true in california. it's true in florida. it's true in paris. >> bob, the last time we talked, you seemed passionate about the need to fix our debt as a country. i wonder what your take is on president obama winning re-election. does that change anything for the company, for the industry? in terms of this fiscal cliff, everybody is expecting taxes to go higher. we're not sure how high on dividends and capital gains. will t
notably california adventure here at disney land in california. we feel good about what we're seeing. there's demand for that product. it's showing up in our pricing and showing up in our advanced bookings. >> how are the advanced bookings looking for the holiday season? >> advanced bookings for the holiday season are looking good. there's a quirk in the calendar. christmas falls on a tuesday. so some of our peak season will also fall into our next quarter because of how the quarter...
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and the greet christine pelosi, chair of the california democratic party women's caucus. welcome back inside "the war room" to both of you. >> thank you. >> great to be back. >> jennifer: keli let me start with you? are women more excited to see the extremists defeated or to see so many women win? >> that's a tough one, but i would have to say, there seemed to be a lot of cheering going on whenever i would hear a mourdock or akin went down. and those weren't just from women, there were a lot of embarrassed guys that were happy. >> jennifer: there are a lot of moderate men who really are embarrassed. christine obviously last night was a great, great night for democrats, and it was because women and people of color provided a great firewall for the president. and that is only going to continue to grow right? >> absolutely. when you look at how the president won, it's president obama and democrats embracing demography as destiny. everybody saw the numbers, but the republican primary stayed pretty much pail, stale, and male. and sitting at the able to, at the leadership table
and the greet christine pelosi, chair of the california democratic party women's caucus. welcome back inside "the war room" to both of you. >> thank you. >> great to be back. >> jennifer: keli let me start with you? are women more excited to see the extremists defeated or to see so many women win? >> that's a tough one, but i would have to say, there seemed to be a lot of cheering going on whenever i would hear a mourdock or akin went down. and those weren't...
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one race in california, the brad sherman, howard berman race that was almost literally a bloodbath when sherman tried to challenge him to a fist fight. berman just beat him down at the polls. and then in the palm springs area the 33rd district lost to raul luis. if you think the latino vote-- vote----the macks they boast both lost races. >> cenk: let's look at the composition of the house real quick. right now the race that has been called. seven are still being decided it looks like the republicans held onto the house but they lost seats in the house which a lot of people are not talking about. >> no, that's true. today the silver lining for the republicans is that they did in fact, hole on to the house. john boehner just today was saying that people voted for status quo in the house of representatives. one of them is that we spent so much time about the citizens united, the amount of money put into the presidential race and the senate races and it made the biggest difference in the house. so much money spent on a local level where it's hard to combat that level for a lot of these chal
one race in california, the brad sherman, howard berman race that was almost literally a bloodbath when sherman tried to challenge him to a fist fight. berman just beat him down at the polls. and then in the palm springs area the 33rd district lost to raul luis. if you think the latino vote-- vote----the macks they boast both lost races. >> cenk: let's look at the composition of the house real quick. right now the race that has been called. seven are still being decided it looks like the...
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. ♪ [ ♪ theme music ♪ ] >> eliot: good evening i'm eliot spitzer, and san francisco, california, and this is "viewpoint." this is a scene we've witnessed before and one we'll watch for four more years after a tumultuous campaign and one long night, the president along with his wife and daughter returned home to the white house this evening. the power of the presidency is making itself felt in other parts of dc where a fear of possible economic collapse is a recurring theme. speaker of the house john boehner seem interested in a compromise with democrats that could keep the country from plunging off the so-called fiscal cliff. while florida is still official officially too close to call even without its 29 collect 29 electoral college votes mr. obama won with a hefty 303 electoral votes but a mere 53% of the popular votes begging the question, was it a mandate or a draw. the president promised to reach out to leaders of both parties. speaker boehner appeared to be ready to take him up on his offer with hundreds of billions in tax hikes that could tank the economy, boehner staked out t
. ♪ [ ♪ theme music ♪ ] >> eliot: good evening i'm eliot spitzer, and san francisco, california, and this is "viewpoint." this is a scene we've witnessed before and one we'll watch for four more years after a tumultuous campaign and one long night, the president along with his wife and daughter returned home to the white house this evening. the power of the presidency is making itself felt in other parts of dc where a fear of possible economic collapse is a recurring...
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and that fort would be the oldest building in all of california. >> that is really exciting. sal says it is getting busy at the toll plaza. >>> it is backed up just out of the gate and metering lights are all over the 880 interchange and back to the foot of the mcarthur maze and they are trying to get into san francisco although it is moving well, there are no major problems getting into the city. the morning commute looks good, no trouble if you are trying to get in and we have a look at livermore more -- livermore. we are finding out about an accident which came in on 87 and 80 on san jose. we are trying to find out more information and they have a camera and we'll see if we can find it for you. let's go to mark. >>> we have some clear skies, some fog and clouds will win out as we head to the afternoon hours. the cold air continues to settle into the entire bay area and it is mainly to our north and to our east. current numbers are into the upper 50s and san jose and fairfield is in the upper 40s. winter weather advisory in a few showers, i should say, all the way into 10:0
and that fort would be the oldest building in all of california. >> that is really exciting. sal says it is getting busy at the toll plaza. >>> it is backed up just out of the gate and metering lights are all over the 880 interchange and back to the foot of the mcarthur maze and they are trying to get into san francisco although it is moving well, there are no major problems getting into the city. the morning commute looks good, no trouble if you are trying to get in and we have...
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california voters have 11 propositions. among them was proposition 30 the governor's temporary tax measures. the initiative passed by 700,000. dan kerman has the governor's reaction. >> the election last night was a clear and resounding victory for children, schools and the california dream. >> governor jerry brown took his victory lap applauding the voters. and of the people have put their trust in a bowl path forward and i intend to do everything in my power to honor that trust. >> if that would have filled the water triggered massive cuts to education with a shortening of the school of k-12. and tuition increases at the university level. >> we are not seeing those big cutbacks in higher education for going forward. we are going to see about $2,500 per student going into over schools in california for the next four-five years. >> the governor says that there is not going to be any pinch spending with the temporary tax increases instead, the state will pay its bills and invest inright prt this has passed the voter isn't as
california voters have 11 propositions. among them was proposition 30 the governor's temporary tax measures. the initiative passed by 700,000. dan kerman has the governor's reaction. >> the election last night was a clear and resounding victory for children, schools and the california dream. >> governor jerry brown took his victory lap applauding the voters. and of the people have put their trust in a bowl path forward and i intend to do everything in my power to honor that trust....
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phil matier explains what that means for california's budget and yours. phil. >> reporter: basically what it means, dana, is that democrats are ruling the roost in the capital. here's what the first moves are. >> we're not going to see the 5 1/2 billion dollars of cutbacks to k through 12. >> reporter: educators however say there's still more to be done. >> it wasn't about piling a bunch of new money on schools saying we are going to make all these new investments. it was about stopping the cuts. >> reporter: let's not forget the state still faces a $3 2 billion wall of debt from past borrowing. >> we have to make sure over the next few years that we pay our bills, we invest in the right programs, but we don't go in spending like we did in the days le
phil matier explains what that means for california's budget and yours. phil. >> reporter: basically what it means, dana, is that democrats are ruling the roost in the capital. here's what the first moves are. >> we're not going to see the 5 1/2 billion dollars of cutbacks to k through 12. >> reporter: educators however say there's still more to be done. >> it wasn't about piling a bunch of new money on schools saying we are going to make all these new investments. it...
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organic farmers who pushed to label genetically modified foods say they are moving to other states after california voters defeated prop 37 tuesday, 53% of voters said, no on the measure. the yes on 37 campaign now tells the sacramento bee it is going to try similar efforts in washington, oregon, connecticut and vermont. they maintain the foods are unnatural and harmful to human health. >>> microsoft admitting to consumers the storage space listed for its new surface tablet isn't true. microsoft is listing one model of the new tablet with 32 gig bites of storage space but it only has 16 the other 16 is used to install the new operating system microsoft tells the los angeles times it wants users to get the most out of the tablet. >>> holiday shopping is just around the corner so are the hard sells for extended warranties and service plans for everything from computers to appliances. michael finney takes a look at whether you should buy one. >> reporter: good morning. consumer reports says there's a real dollar and cents reason for this stores make more profit on these than on the product you are buy
organic farmers who pushed to label genetically modified foods say they are moving to other states after california voters defeated prop 37 tuesday, 53% of voters said, no on the measure. the yes on 37 campaign now tells the sacramento bee it is going to try similar efforts in washington, oregon, connecticut and vermont. they maintain the foods are unnatural and harmful to human health. >>> microsoft admitting to consumers the storage space listed for its new surface tablet isn't true....
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that is true in california or anywhere. if you do not have sponsors on both sides of the aisle, do not bother. host:on twitter -- this is "to the baltimore sun." the go through the list of tax cuts to expire. let's take a look over the next phone call at what we are looking at when it comes to negotiations. angela in maryland, a democratic caller. caller: i want to talk about the fiscal cliff. we're talking about 3% on the wealthy. every economist and even the wealthy themselves say it needs to be part of a bipartisan deal. every person, richman economist says revenues have to be part of a bipartisan deal. if not the entire economy is going to collapse. it is 3%. it will not get rid of the deficit. but it creates confidence that america can get along and work out their problems and start reducing instead of adding to the deficit. without the confidence, every economist says we're going to head into a recession. the richman will lose all of his money. we are all going to lose our jobs. why dillydally over 3%? as far as socia
that is true in california or anywhere. if you do not have sponsors on both sides of the aisle, do not bother. host:on twitter -- this is "to the baltimore sun." the go through the list of tax cuts to expire. let's take a look over the next phone call at what we are looking at when it comes to negotiations. angela in maryland, a democratic caller. caller: i want to talk about the fiscal cliff. we're talking about 3% on the wealthy. every economist and even the wealthy themselves say...
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over the last decade, 53 seats in california, five house election cycles. 265 elections in california and only one seat out of those 265 times changed hands. now, though, we have seen -- as they are still counting a lot of districts, but we have seen eight or nine competitive seats with a very interesting stories. tell us about it. >> on both sides of the aisle, too. by the time we left the office this morning, there were 13 votes. there were about 200 separate in congressman dan lundgren from his democratic challenger in sacramento. and mcnerney had a tough race, too. both parties made a real effort to try to invest time and resources with consultants and apparatus that they have never had to pay attention to before because there was no point in going there. it is going to be interesting to see what happens. given how many seats hang in a very narrow balance right now, what we end up thinking about the final results of this election depends on a few hundred votes each in a half- dozen votes, which could tip an election either way. and you would never cease and the like this independe
over the last decade, 53 seats in california, five house election cycles. 265 elections in california and only one seat out of those 265 times changed hands. now, though, we have seen -- as they are still counting a lot of districts, but we have seen eight or nine competitive seats with a very interesting stories. tell us about it. >> on both sides of the aisle, too. by the time we left the office this morning, there were 13 votes. there were about 200 separate in congressman dan lundgren...
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california, another package of tax increases on the wealthy. it's past the voters in california, and it's going to drive more business away from a state that desperately needs help. all that's up next. [ male announcer ] how do you trade? with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ] at scottrade, seven dollar trades are just the start. try our easy-to-use scottrader streaming quotes. it's another reason more investors are saying... [ all ] i'm with scottrade. >>> california voters are choosing to raise taxes on high-income taxpayers and increase the sales tax in order to fund education and state programs. so they say. last night voters passed proposition 30 with about a 54% majority. the question, is this tax hike going to destroy the california economy? let's bring in willie brown, former mayor of san francisco. mayor brown, thank you for
california, another package of tax increases on the wealthy. it's past the voters in california, and it's going to drive more business away from a state that desperately needs help. all that's up next. [ male announcer ] how do you trade? with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ] at...
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tomorrow democratic congresswoman karen bass from california, "the daily beast" zachary karabell and michael tomasky. he predicted a gop freak o-out romney lost. what will he say tomorrow? "the cycle" is up next. us d with efficient absorption in one daily dose. citracal slow release. >>> it is thursday, november 8th, and you're in "the cycle." what will washington do about taxes and spending cuts? >> i'm krystal ball. let the countdown again, 73 days until the inauguration. come on, nobody can replace hillary. >> amen. i'm toure, i'm not crazy about the cops,
tomorrow democratic congresswoman karen bass from california, "the daily beast" zachary karabell and michael tomasky. he predicted a gop freak o-out romney lost. what will he say tomorrow? "the cycle" is up next. us d with efficient absorption in one daily dose. citracal slow release. >>> it is thursday, november 8th, and you're in "the cycle." what will washington do about taxes and spending cuts? >> i'm krystal ball. let the countdown again, 73...
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. >> let me bring in congressman adam schiff, a blue dog democrat from california. congratulations on your election and re-election. it's good to see you. let me ask you about the fiscal cliff. are you encouraged by what you heard from john boehner? >> i'm encouraged. i don't think there's any way we can go over the cliff. we can't afford to. i am encouraged by what i heard the speaker said. the only thing that struck me funny in how he expressed himself is in talking about this being the president's moment, that this was basically his responsibility. this is a shared responsibility, both house and senate leadership and the white house are going to have to come together. both parties are going to have to come together. these problems are simply too large for either party to solve alone. plainly, that's what the country wants us to do. >> you heard one of the things that speaker boehner did was he shot shouted out to the president this is your moment. let me read to you what gale collins said today. "in the past when these things came up, the president's failing was
. >> let me bring in congressman adam schiff, a blue dog democrat from california. congratulations on your election and re-election. it's good to see you. let me ask you about the fiscal cliff. are you encouraged by what you heard from john boehner? >> i'm encouraged. i don't think there's any way we can go over the cliff. we can't afford to. i am encouraged by what i heard the speaker said. the only thing that struck me funny in how he expressed himself is in talking about this...
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in california, lungren is trailing by less than 200 votes. in florida's 18th district, 100% of the vote is in. republican congressman allen west is trailing. seems a little bit too much to overcome. 2,500 votes. he's demanding a recount. you do wonder what happens if the florida presidential has to go in that direction. i'll explain that in a few minutes. north carolina, district 7, 100% in. the democrat incumbent there is in the lead but it is only 500 votes. there will be a runoff in louisiana's third dwikt between two republicans. >>> two races still too close to call at this hour, in washington state, the governor's race is still undecided. we've been down the road here before with washington state. haven't we? the mail-in ballots. talk to us next week. we might have a winner there. then there's florida. we still haven't called in the presidential race, because of the law that requires an automatic recount if the margin is less than .5%. right now with some of those absentee ballots counted, it is just above the less than .5%. if it gets
in california, lungren is trailing by less than 200 votes. in florida's 18th district, 100% of the vote is in. republican congressman allen west is trailing. seems a little bit too much to overcome. 2,500 votes. he's demanding a recount. you do wonder what happens if the florida presidential has to go in that direction. i'll explain that in a few minutes. north carolina, district 7, 100% in. the democrat incumbent there is in the lead but it is only 500 votes. there will be a runoff in...
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and they don't grant cert marriage will start in california. if they grant that case or the other cases we should know by early next summer what the results are. i'm hopeful that this court, as has the lower courts, will side with freedom, liberty, and equality. >> chad griffin, thank you so much. we've known each other a long time. great to see you. >> indeed we have. a pleasure to be here. >> and up next, the class of 2016, would you believe, who will be the leaders, the candidates? this is "andrea mitchell reports" only on msnbc. tdd#: 1-800-345-2550 let's talk about low-cost investing. tdd#: 1-800-345-2550 at schwab, we're committed to offering you tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or etfs tdd#: 1-800-345-2550 which now have the lowest tdd#: 1-800-345-2550 operating expenses tdd#: 1-800-345-2550 in their respective tdd#: 1-800-345-2550 lipper categories. tdd#: 1-800-345-2550 lower than spdr tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and even lower than vanguard. tdd#: 1-80
and they don't grant cert marriage will start in california. if they grant that case or the other cases we should know by early next summer what the results are. i'm hopeful that this court, as has the lower courts, will side with freedom, liberty, and equality. >> chad griffin, thank you so much. we've known each other a long time. great to see you. >> indeed we have. a pleasure to be here. >> and up next, the class of 2016, would you believe, who will be the leaders, the...